Shipping: What the Traffic Will Bear

Now that the U.S. has to pay closer
attention to its foreign trade backing, some surprising facts are
turning up.
Example: it costs 50% more, on the average, for a U.S. exporter to ship
his goods abroad than for a European or Japanese to bring the same
products to this country. Not until President Kennedy's recent warning
that this fact has begun to pinch U.S. exports did the Government start
to do something about it. Last week, heeding Kennedy's call for
"corrective action," both the Commerce Department and the
Federal Maritime Commission began putting pressure on shippers to
straighten...